Affordability Squeeze: Homebuyers Hit as Mortgage Rates Rise to 7%, Inventory Scarce
In a discouraging turn of events for prospective homebuyers, the pursuit of owning property has become notably tougher. Recent data from Freddie Mac reveals that...
Tapestry Unveils Landmark $8.5 Billion Purchase of Capri Holdings, Redefining Luxury Fashion Landscape
In a surprise announcement that reverberated throughout Wall Street, Tapestry (TPR) unveiled its ambitious plan to purchase Capri Holdings (CPRI) for a staggering $8.5 billion,...
Used Car Prices Slide, While Motor Insurance Costs Accelerate
Used Car Market Volatility and Retail Sales SurgeConsumer Prices for New and Used Cars Show Downward Trend The latest government inflation data, released on Wednesday...
Earnings Season Sparks Market Rally Supported by Inflation Uptick
The stock market witnessed a buoyant start on Thursday, propelled by a wave of optimism following reports from the Bureau of Labor Statistics (BLS) that...
US Treasury Cracks Down on Anonymous Luxury Home Purchases
In a decisive move to combat money laundering and illicit financial activities within the real estate sector, the US Treasury Department is set to unveil...
Biden Restricts American Investment in Chinese Companies
In a significant move with far-reaching implications, President Biden unveiled his administration’s plan on Wednesday to prohibit American citizens from doing investment in select Chinese...
Alibaba Beats Analyst Estimates with Strong First-Quarter Performance Amidst Challenging Chinese Economy
Amidst a backdrop of economic challenges in China, Alibaba Group Holding has defied expectations by reporting impressive first-quarter revenue figures that surpassed analyst predictions. Despite...
US Economy: Inflation Cools Off, Paving Way for Anticipated Soft Landing
The United States economy continues its trajectory towards a much-anticipated soft landing as inflation shows signs of cooling off, sustaining expectations for uninterrupted growth. The...
Inflation Accelerates: July CPI Report Indicates 3.3% Rise, Federal Reserve in Focus
Investors are eagerly anticipating the release of the July Consumer Price Index (CPI) data on Thursday, a significant factor that will shape the upcoming interest...
Buffett Indicator Signals Overvaluation in Stock Market
After a period of exuberant growth in the summer bull market, Warren Buffett’s favored metric, the “Buffett Indicator,” is ringing alarm bells about potential overvaluation...
